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What caused the flash crash at HDIL?
Mumbai-based property developer HDIL's stock, once the darling of investors, came crashing down last month.It lost nearly 40 per cent of its value from Rs 120.85 on January 21 to Rs 74.65 on......
Midcaps drag index to 8-day low
Indian shares ended down this Thursday on back of heavy selling pressure witnessed in broader markets which pulled the benchmark indexes to its lowest level in eight days. Among index stocks,......
Why builders are not pleased with the Budget
The devil is in the detail for the real estate sector. Though the Budget gave sops to home buyers in the form of tax savings and interest rate subvention, it quietly brought back service tax on......
Banks may not ease lending to real estate
Even though the Reserve Bank of India (RBI) has reduced the risk weightage on loans to commercial developers and cut general provisioning for commercial real estate, commercial banks may not start......
Housing prices may drop 25%
Housing Development Infrastructure Ltd (HDIL) on Monday said a 20-25 per cent price fall is likely in the country's real estate sector, but Mumbai may be slightly insulated as it may witness a......
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